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The Indian stock market may open with a huge surge on Monday. The US Supreme Court on Friday rejected the huge import duty imposed by President Donald Trump. This big decision has had a direct impact on the global markets. There is tremendous enthusiasm among investors around the world including America, the benefit of which Indian investors can get on Monday morning.

Tremendous jump of 400 points in Gift Nifty

Immediately after the decision of the US court on Friday, a stormy rise of about 400 points was recorded in GIFT Nifty. This index increased by 320 points or 1.25 percent and closed at the level of 25,886. Indian investors keep a close eye on GIFT Nifty before the market opens. This index directly tells what the atmosphere is going to be like on Dalal Street today.

GIFT Nifty is actually an international version of India's Nifty 50 index. It operates from GIFT City in Gujarat and trades around 21 hours a day. While the common Nifty trades in Indian Rupees, its settlement is done in US Dollars. Foreign investors have huge participation in this and it is important in deciding the direction of the market.

Shares of which companies will be bought?

With the cancellation of tariffs, the fortunes of companies exporting from India to America are going to improve. Investors should keep a special eye on gems and jewellery, textile industry, marine products and pharma sectors on Monday. Market experts believe that this decision will greatly strengthen the sentiment of the Indian markets. According to a report by Global Trade Research Initiative, this decision will provide major relief to about 55 percent of India's exports. Companies making smartphones, petroleum products and medicines will benefit the most.

Friday's excellent recovery laid a strong base

Last Friday also the market had made its strength felt. Recovering from the initial fall and heavy losses of the day before, the market managed to close in the green. BSE Sensex closed at 82,814.71 with a gain of 316.57 points and a gain of 0.38 percent. At the same time, Nifty of National Stock Exchange also gained good momentum on Friday. It jumped 116.90 points or 0.46 percent and closed at 25,571.25.

Disclaimer: This article is for information only and should not be considered as investment advice in any way. TV9 Bharatvarsha advises its readers and viewers to consult their financial advisors before taking any money related decisions.